News is out that the bank of Canada will hold it's interest rate at 1%
See article National Post:
The Loonie (Canada's version of FIAT funny money)
took a dive as well:
So if an economy is strong and growing then there is no need for low interest rates right? Funny, because I see tons of "growth", or at least road work being done every day. I sometimes wonder if it is just to make life slower, spend more gas money etc..
Let's be honest, you cannot stimulate growth by going into debt. My wife recently needed to take a bus and we were both surprised that there was only one line that comes once an hour. All of the construction is for bus lanes, so they must be expanding the line? - Right
It turns out that the buses will NOT be expanding the line. So then I asked what's the point of expanding for bus lanes? - Silence
I think the only real thing to get the economy going is a meat grinder:
Have you seen that video where the canadian prime minister declares his loyalty to the queen?
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